Earnings release
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TECHNOGYM The Wellness Company The Technogym Board of Directors reviewed the consolidated revenues of the first quarter of 2021 TECHNOGYM GROWS DOUBLE DIGIT • CONSOLIDATED REVENUE : Euro 128,7 million ( + 10.2 % Vs first quarter 2020 ) . At constant exchange rates : + 13.1 % Vs 2020 • Home Fitness BtoC growth accelerates , + 129.2 % at Euro 51.3 million in the period , with an incidence on revenues of 40 % ( Vs 15 % in Q1 2020 ) • BtoB recovers in the geographical areas that are restarting Nerio Alessandri , Chairman and CEO , commented : " Technogym closes the first quarter of 2021 with double - digit growth in revenue , substantially in line with the first quarter of 2019 , and a more than proportional growth in profitability . This is the result of a further acceleration in home fitness sales at + 130 % and the recovery of BtoB , starting from the health segment . The Fitness Club segment is also restarting , especially in Asia Pacific and UK , areas in which end - users are enthusiastically going back to gyms and operators have confirmed their investment plans . In the coming months also the rest of Europe and North America are expected to restart . Within the wellness sector , at global level , the hybrid model is emerging as the new trend : training not only in the gym but also at home and vice versa . Technogym's strategy has been , for years , represented by " Wellness on the go " - thanks to our exclusive digital ecosystem , we are the only ones to offer people an online and offline training experience at home , in the gym , in the office or on vacation - that is proving to be more innovative than ever in the current post covid scenario . For many years we have spread our ecosystem of connected products in thousands of fitness centers and in July we will launch the Technogym app , to offer people better results in less time with an unprecedented level of personalization , engagement and customer experience . The Technogym app , connected to the equipment , is also equipped with a vast library of video on - demand workouts and an Al - based coach . The coach follows the user and optimizes the program according to his needs allowing him to feel part of the community .